ibusinesslines.com
ibusinesslines.com September 24, 2017


Bartosiak: Trading Skechers' (SKX) Earnings with Options

20 April 2017, 06:08 | Kelvin Horton

Image source Skechers

A pair of Skechers shoes overlooking the skyline in Spain

The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Valuation Ratios of Skechers U.S.A., Inc. The analysts estimated sales for the higher end at 975.7 million and lower end at 938.73 million while the year ago reported sale was 1084.48 million. The company's 50-day moving average is $26.59 and its 200-day moving average is $24.47.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. The company reported its last quarter on 12/31/2016. Skechers USA had a net margin of 6.83% and a return on equity of 15.10%. The firm earned $764.30 million during the quarter, compared to analyst estimates of $725.08 million. (SKX) is $28.44/share according to the consensus of analysts working on the stock, with an expected EPS of $0.55/share for the current quarter.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Skechers U.S.A., Inc. the EPS stands at 0.04 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.09, suggesting the stock fell short of the analysts' expectations. If you are reading this story on another website, it was stolen and republished in violation of United States and global trademark and copyright laws. Dividends are mostly given in terms of cash payments, property or as shares of stock.


A number of hedge funds have recently modified their holdings of SKX. Rothschild Asset Management Inc. acquired a new stake in Skechers USA during the third quarter valued at approximately $22,134,000. LS Investment Advisors LLC raised its stake in Skechers U.S.A.by 5.8% in the third quarter. Sii Investments Inc. WI now owns 13,367 shares of the company's stock valued at $329,000 after buying an additional 552 shares during the last quarter. Capstone Asset Management Co. now owns 18,446 shares of the company's stock valued at $506,000 after buying an additional 160 shares during the last quarter.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Western Alliance, and that a beat might be in the cards for the upcoming report. Finally, Vetr downgraded Skechers USA from a buy rating to a hold rating and set a $26.32 target price for the company.in a research note on Monday, February 20th. Monness Crespi & Hardt upgraded shares of Skechers U.S.A. from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Saturday, December 31st.

Analysts have a mean recommendation of 1.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The consensus target price is $40.53 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. The company now has an average rating of "Hold" and an average target price of $28.71.

Currently, the market capitalization of Skechers U.S.A., Inc.



Other News

Trending Now

Tillerson attacks Iran nuclear deal and vows a "comprehensive review"
The deal represents the same "failed approach of the past" that brought us to the threat of North Korea, he noted. The JCPOA "fails to achieve the objective of a non-nuclear Iran", the top United States diplomat said.

SunCoke Energy Partners LP (SXCP) Declares Quarterly Dividend of $0.59
The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.04. Sensato Investors Limited Liability holds 0.25% of its portfolio in National Instruments Corp (NASDAQ:NATI) for 46,500 shares.

Detroit Rockers Dine with President Trump
Donald Trump's presidency is literally a stomach turning sickening festival of sex crimes that brings shame to our great nation. That was not the first of his anti-Obama rhetoric, though. "A great night at the White House", Palin wrote on Facebook.

Jon Ossoff Comes ThisClose To Stunning Trump - Runoff Looms
Former Georgia Secretary of State is a distant second behind Ossoff but has a comfortable lead over other Republican candidates. But five years later, in the gender-charged political climate of the Donald Trump era, Handel is hesitant to revisit the issue.

Indian workers to get affected as Australia to abolish 457 visa programme
Dutton said there were 95,757 workers in Australia on primary 457 visas and 76,430 secondary visa holders as at September 30 past year .

NBA MVP- Brodie or The Beard?
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. He didn't play more than 40 minutes in any regulation game this season and hit the 40-plus mark just five total times .

Police can now shoot terrorist drivers
But there is an important distinction to make. 'There are plans in extremis that ministers can deploy military on to the streets. In addition, the number of specialist and trained firearms officers has increased in a major "uplift" across the UK.